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PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS
(Dollars in thousands)
 
 
December 31,
 
2017
 
2016
ASSETS
 

 
 

Cash and due from banks
$
734

 
$
4,534

Interest-bearing deposits in financial institutions
208

 
6,461

Cash and cash equivalents
942

 
10,995

Investment in Green Bank, N.A.
489,336

 
422,802

Investment in Patriot Bancshares Capital Trust I and II
666

 
666

Loans held for sale
—

 
6,598

Loans held for investment
3,062

 
26,221

Goodwill
12,673

 
12,673

Other assets
6,692

 
1,277

TOTAL
$
513,371

 
$
481,232

 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 

 
 

Subordinated debentures
47,737

 
47,492

Deferred tax liability, net
1,100

 
2,907

Other liabilities
$
739

 
$
351

Total liabilities
49,576

 
50,750

SHAREHOLDERS’ EQUITY:
 

 
 

Common stock
373

 
372

Capital surplus
387,891

 
382,961

Retained earnings
83,263

 
49,127

Accumulated other comprehensive income, net
(6,479
)
 
(725
)
Less treasury shares, at cost
(1,253
)
 
(1,253
)
Total shareholders’ equity
463,795

 
430,482

TOTAL
$
513,371

 
$
481,232
CONDENSED STATEMENTS OF OPERATIONS
CONDENSED STATEMENT OF OPERATIONS
(Dollars in thousands)
 
 
For the Years ended December 31,
 
2017
 
2016
 
2015
INCOME—Interest income
$
138

 
$
67

 
$
39

Loss on held-for-sale loans
(138
)
 
—

 
—

Dividends from bank subsidiary
1,000

 
—

 
—

Total income
1,000

 
67

 
39

EXPENSE — Subordinated debentures
4,216

 
1,182

 
227

Provision for loan losses
10,536

 
—

 
—

General and administrative
3,746

 
2,806

 
3,293

Total expense
18,498

 
3,988

 
3,520

LOSS BEFORE EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARY AND INCOME TAXES
(17,498
)
 
(3,921
)
 
(3,481
)
EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARY, NET OF TAX
44,427

 
1,577

 
17,995

INCOME (LOSS) BEFORE INCOME TAXES
26,929

 
(2,344
)
 
14,514

BENEFIT FOR INCOME TAXES
7,207

 
1,372

 
925

NET INCOME (LOSS)
$
34,136

 
$
(972
)
 
$
15,439
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in thousands)
 
 
 
For the Years ended December 31,
 
2017
 
2016
 
2015
NET INCOME (LOSS)
$
34,136

 
$
(972
)
 
$
15,439

OTHER COMPREHENSIVE INCOME BEFORE TAX:
 

 
 

 
 

Change in unrealized (loss) gain on securities available-for-sale
(8,853
)
 
(1,757
)
 
(992
)
Total other comprehensive income
(8,853
)
 
(1,757
)
 
(992
)
DEFERRED TAX (BENEFIT) EXPENSE RELATED TO OTHER COMPREHENSIVE INCOME (LOSS)
(3,099
)
 
(615
)
 
(347
)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
(5,754
)
 
(1,142
)
 
(645
)
COMPREHENSIVE INCOME (LOSS)
$
28,382

 
$
(2,114
)
 
$
14,794
CONDENSED STATEMENTS OF CASH FLOWS
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
 
 
For the Years ended December 31,
 
2017
 
2016
 
2015
CASH FLOWS FROM OPERATING ACTIVITIES:
 

 
 

 
 

Net income (loss)
$
34,136

 
$
(972
)
 
$
15,439

Adjustments to reconcile net income (loss) to net cash used by operating activities:
 

 
 

 
 

Equity in undistributed earnings of subsidiary
(44,427
)
 
(1,577
)
 
(17,995
)
Accretion of loan discounts, net
(7
)
 
—

 
—

Amortization of debt valuation allowance
420

 
420

 
105

Amortization of issuance costs for subordinated notes
145

 
9

 
—

Provision for loan losses
10,536

 
—

 
—

Net loss on loans held-for-sale
138

 
—

 
—

Proceeds from sales of held-for-sale loans
12,560

 
—

 
—

Deferred income tax expense
(1,074
)
 
(130
)
 
(18
)
Increase in other assets, net
(6,148
)
 
(41
)
 
(295
)
Increase in other liabilities, net
68

 
114

 
146

Net cash used by operating activities
6,347

 
(2,177
)
 
(2,618
)
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

Purchase of loans from subsidiary
—

 
(32,819
)
 
—

Capital contributed to subsidiary
(12,000
)
 
—

 
—

Net increase in loans held for investment and held-for-sale
(4,886
)
 
—

 
—

Net cash and cash equivalents paid in connection with acquisitions
—

 
—

 
2,740

Net cash (used by) provided by investing activities
(16,886
)
 
(32,819
)
 
2,740

 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

Proceeds from issuance of subordinated notes, net
—

 
33,876

 
—

Common stock issued in connection with the exercise of stock options
486

 
3,046

 
1,534

Purchase of treasury stock
—

 
(1,253
)
 
—

Net cash provided by financing activities
486

 
35,669

 
1,534

NET INCREASE IN CASH AND CASH EQUIVALENTS
(10,053
)
 
673

 
1,656

CASH AND CASH EQUIVALENTS:
 

 
 

 
 

Beginning of year
10,995

 
10,322

 
8,666

End of year
$
942

 
$
10,995

 
$
10,322